Which bank controls the Monetary Base in Australia?
A) The Commonwealth Bank.
B) The ANZ Bank.
C) The State Bank.
D) The Reserve Bank.

Question

Quizplus · Accepted Answer

The Reserve Bank of Australia is responsible for controlling the Monetary Base in Australia. While the other banks mentioned (Commonwealth Bank, ANZ Bank, and State Bank) are major commercial banks in Australia, they do not have the authority or responsibility to control the Monetary Base.

Which Bank Controls the Monetary Base in Australia